U.S. Movers: Broadcom, Ciena, DocuSign, Lands’ End, Lululemon

Scott Peters
06 Jun, 2025
New York City

Broadcom Inc. dropped 4.2% to $249.00 despite the provider of semiconductor and infrastructure software solutions reporting higher earnings for its second quarter of fiscal 2025 ending on May 4.

Revenue edged up to $15.0 billion from $12.49 billion, net income jumped to $4.96 billion from $2.12 billion, and diluted earnings per share rose to $1.03 from 44 cents a year ago.

The company repurchased 25.3 million shares for $4.22 billion in the quarter.

In addition, Broadcom announced a quarterly cash dividend of 59 cents per share, payable on June 30 to shareholders on record on June 20.

The company guided third-quarter revenue to be approximately $15.8 billion, compared to $13.1 billion a year earlier.

DocuSign Inc. slumped 16.8% to $77.30 despite the e-signature software provider reporting strong results for the first quarter of fiscal 2026, ending on April 30.

Revenue jumped to $763.65 million from $709.64 million, net income edged up to $72.09 million from $33.76 million, and diluted earnings per share rose to 34 cents from 16 cents a year ago.

The company repurchased its own common stock worth $183.4 million, compared to $149.1 million in the previous year, and as of June 5, the company has up to $1.4 billion under stock repurchase authorization.

DocuSign guided second-quarter revenue to be between $777 million and $781 million, compared to $736 million a year earlier.

For the full year, the company estimated total sales to range between $3.15 billion and $3.16 billion, compared to $2.98 billion in the previous year.

Ciena Corp. eased 0.1% to $73.00 after the provider of networking systems reported results of its second quarter of fiscal 2025, ending on May 3.

Revenue increased to $1.12 billion from $910.83 million, net income swung to a profit of $8.97 million from a loss of $16.85 million, and diluted earnings per share swung to a profit of 6 cents from a loss of 12 cents a year ago.

Inventories totaled $874.3 million, compared to $1.02 billion a year earlier.

The company repurchased approximately 1.2 million shares for a total of $84.3 million during the quarter.

Lands’ End Inc. dropped 4.8% to $8.51 after the apparel and footwear retailer reported an expanding net loss for the first quarter of fiscal 2025, ending on May 2.

Revenue declined to $261.21 million from $285.47 million, net loss widened to $8.26 million from a loss of $6.44 million, and diluted loss per share expanded to 27 cents from a loss of 20 cents a year ago.

The company repurchased $2.8 million of its own stock during the quarter, and as of May 2, additional repurchases of up to $10.6 million remained under authorization through March 31, 2026.

The retailer guided full-year revenue to range between $1.33 billion and $1.45 billion, net income between $8.0 million and $20.0 million, and diluted earnings per share between 25 cents and 64 cents.

In comparison, fiscal 2024 revenue was $1.36 billion, net income was $6.23 million, and diluted earnings per share were 20 cents.

Lululemon Athletica Inc. plunged 22.4% to $256.78 after the apparel company reported lower earnings for its first quarter of fiscal 2025, ending on May 4.

Revenue climbed to $2.37 billion from $2.20 billion, net income fell to $314.57 million from $321.42 million, and diluted earnings per share rose to $2.60 from $2.54 a year ago because of a fewer outstanding shares. 

Comparable sales increased 1% from a year earlier, as sales in the Americas decreased 1% and international sales edged up 7% on a constant dollar basis.

The company repurchased 1.4 million of its shares for a cost of $430.4 million in the quarter and added three new company-operated stores, ending with 770 stores.

Lululemon guided second-quarter revenue to be between $2.53 billion and $2.56 billion, an increase of 7% to 8% from $2.37 billion, and diluted earnings per share between $2.85 and $2.90, compared to $3.15 a year ago, respectively.

For the full year, the apparel retailer estimated revenue to range between $11.15 billion and $11.30 billion, representing growth of 5% to 7% from $10.59 billion, and diluted earnings per share between $14.58 and $14.78, compared to $14.64 a year earlier, respectively.